Vinyl Chemicals Correlations

VINYLINDIA

336.15 6.85 2.00%

The current 90-days correlation between Vinyl Chemicals and Venus Pipes Tubes is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vinyl Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vinyl Chemicals Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vinyl Chemicals Correlation With Market

Significant diversification

The correlation between Vinyl Chemicals Limited and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vinyl Chemicals Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vinyl Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vinyl Chemicals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vinyl Chemicals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vinyl Chemicals Limited to buy it.

Moving together with Vinyl Stock

0.87	SAIL	Steel Authority	Pair Corr
0.87	GNFC	Gujarat Narmada Valley	Pair Corr
0.78	JTLIND	JTL Industries Split	Pair Corr
0.81	VENUSPIPES	Venus Pipes Tubes	Pair Corr
0.61	APOLSINHOT	Apollo Sindoori Hotels	Pair Corr

Moving against Vinyl Stock

0.63	RAINBOW	Rainbow Childrens	Pair Corr
0.56	SUMMITSEC	Summit Securities	Pair Corr
0.55	GRWRHITECH	Garware Hi Tech	Pair Corr
0.46	MANGCHEFER	Mangalore Chemicals	Pair Corr
0.45	PAGEIND	Page Industries	Pair Corr
0.44	INTERARCH	Interarch Building	Pair Corr
0.43	IMFA	Indian Metals Ferro	Pair Corr
0.36	PILANIINVS	Pilani Investment	Pair Corr
0.33	HYBRIDFIN	Hybrid Financial Services	Pair Corr
0.76	JSWHL	JSW Holdings Limited	Pair Corr
0.73	IITL	Industrial Investment	Pair Corr
0.71	SASKEN	Sasken Technologies	Pair Corr
0.47	FORTIS	Fortis Healthcare	Pair Corr
0.47	GILLETTE	Gillette India	Pair Corr
0.42	INDHOTEL	Indian Hotels	Pair Corr

Related Correlations Analysis

	NMDC	SAIL	EMBASSY-RR	GNFC	GUJALKALI	IMFA	JTLIND	INDIAGLYCO	VENUSPIPES
NMDC		0.52	0.13	0.53	0.39	0.12	0.17	0.31	0.26	NMDC
SAIL	0.52		0.34	0.83	0.38	-0.23	0.63	0.58	0.68	SAIL
EMBASSY-RR	0.13	0.34		0.45	0.76	-0.85	0.83	-0.06	0.81	EMBASSY-RR
GNFC	0.53	0.83	0.45		0.57	-0.34	0.71	0.49	0.69	GNFC
GUJALKALI	0.39	0.38	0.76	0.57		-0.63	0.77	0.22	0.65	GUJALKALI
IMFA	0.12	-0.23	-0.85	-0.34	-0.63		-0.84	0.28	-0.77	IMFA
JTLIND	0.17	0.63	0.83	0.71	0.77	-0.84		0.17	0.88	JTLIND
INDIAGLYCO	0.31	0.58	-0.06	0.49	0.22	0.28	0.17		0.06	INDIAGLYCO
VENUSPIPES	0.26	0.68	0.81	0.69	0.65	-0.77	0.88	0.06		VENUSPIPES
	NMDC	SAIL	EMBASSY-RR	GNFC	GUJALKALI	IMFA	JTLIND	INDIAGLYCO	VENUSPIPES

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VENUSPIPES	+ 0.88	JTLIND
GNFC	+ 0.83	SAIL
JTLIND	+ 0.83	EMBASSY-RR
VENUSPIPES	+ 0.81	EMBASSY-RR
JTLIND	+ 0.77	GUJALKALI
GUJALKALI	+ 0.76	EMBASSY-RR

High negative correlations

IMFA	- 0.85	EMBASSY-RR
JTLIND	- 0.84	IMFA
VENUSPIPES	- 0.77	IMFA
IMFA	- 0.63	GUJALKALI
IMFA	- 0.34	GNFC
IMFA	- 0.23	SAIL

Risk-Adjusted Indicators

There is a big difference between Vinyl Stock performing well and Vinyl Chemicals Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Vinyl Chemicals' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NMDC	1.66	(0.03)	(0.02)	0.01	2.15	(1.73)	3.76	(3.51)	10.75
SAIL	1.66	(0.14)	0.00	(0.84)	0.00	0.00	3.70	(3.68)	8.70
EMBASSY-RR	0.95	(0.06)	0.00	(0.28)	0.00	0.00	2.12	(2.01)	7.74
GNFC	1.42	(0.21)	0.00	(0.96)	0.00	0.00	2.45	(3.15)	11.02
GUJALKALI	1.29	(0.09)	0.00	(3.60)	0.00	0.00	2.99	(2.88)	10.86
IMFA	2.07	0.38	0.15	2.02	1.94	(2.33)	4.97	(3.44)	13.39
JTLIND	2.77	(0.90)	0.00	1.58	0.00	0.00	4.25	(4.83)	60.24
INDIAGLYCO	2.44	(0.01)	(0.01)	0.02	2.89	(2.62)	5.48	(4.62)	23.17
VENUSPIPES	1.44	(0.54)	0.00	5.21	0.00	0.00	2.47	(3.84)	16.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vinyl Chemicals without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Vinyl Chemicals Corporate Management

Elected by the shareholders, the Vinyl Chemicals' board of directors comprises two types of representatives: Vinyl Chemicals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vinyl. The board's role is to monitor Vinyl Chemicals' management team and ensure that shareholders' interests are well served. Vinyl Chemicals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Vinyl Chemicals' outside directors are responsible for providing unbiased perspectives on the board's policies.

Mahendra Gayatonde	Chief Officer	Profile
Aarti Falorh	Company Secretary	Profile
Madhukar Parekh	Executive MD	Profile
K Krishnan	Additional Secretary	Profile
Sayantan Mallick	Chief Officer	Profile

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